NEW YORK — Sony Corp.’s Sony Music Entertainment unit and Vivendi Universal’s Universal Music Group named their subscription music-service Pressplay and announced its management team.
The companies named Andy Schuon president and chief executive of Pressplay, which used the working title Duet. Mr. Schuon was previously president and chief operating officer of Universal Music Group’s online music site Jimmy and Doug’s Farmclub.com.
The companies named Michael Bebel chief operating officer of Pressplay. Mr. Bebel was previously executive vice president, business development and strategic planning for Universal Music’s ELabs unit.
The Pressplay service will compete with MusicNet, a collaboration of the other three of the big five record labels — AOL Time Warner Inc. (AOL), Bertelsmann AG and EMI Group PLC (EMI). The goal of both services is to keep people buying music, but with more variety and control over what they hear, in exchange for a monthly fee.
Sony Music and Universal Music expect to launch Pressplay in the U.S. by late summer. Pressplay is developing a subscription-based service that will include a variety of music offerings through the Internet.
Copyright (c) 2001 Dow Jones & Company, Inc.
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